TeliaSonera (OTCMKTS:TLSNY) Hits New 1-Year High – Here’s Why

TeliaSonera AB (OTCMKTS:TLSNY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $10.18 and last traded at $10.11, with a volume of 84162 shares traded. The stock had previously closed at $10.05.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of TeliaSonera from a “hold” rating to a “buy” rating in a report on Wednesday, November 5th. Finally, UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, TeliaSonera currently has an average rating of “Buy”.

TeliaSonera Stock Up 0.6%

The firm has a market capitalization of $19.88 billion, a PE ratio of 56.17 and a beta of 0.36. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.87. The company’s fifty day simple moving average is $8.95 and its 200-day simple moving average is $8.11.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Thursday, January 29th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.32 billion. On average, analysts forecast that TeliaSonera AB will post 0.34 EPS for the current year.

TeliaSonera Company Profile

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.